. >> is political catch phrases like fiscal cliff and debt ceiling behind us, americans have something to worry about. is sequestration. the spending cuts would be imposed on march 1. democrats proposed a measure to delay cuts. >> we cannot cut investing in education and research and development. we need to get back to balance. >> we are talking to in a half percent of what we spend. this is the first year of 10 years in cuts, after you have to be realistic. families across the country have had their budgets cut by a larger than that. >> $85 billion in cuts could lead to furloughs. the pentagon fears this could have a drastic affect on military. many republicans say this is coming. >> we are here because the president refused to cut spending, and we have grown up with this. >> so there is still some uncertainty over the deadline, senator charles schumer appears confident the sequester will be avoided. >> there are those that do not need a favor of hardly anybody other than themselves and the few whose special interests are protected both sides are looking for a solution. it seems findi